Earn, of course Im glad, I exited at 1.570, then entered OCK and sitting on almost 10% gain now... more to go for OCK I hope, with the budget supporting 5G PECCA was fun and all, but I think its value is kinda fair now, sure it might go up a bit more, but I rather move to undervalued stocks
Oh, I'm investing with limited resources, just a young kid haha, so I have to move my money to the best opportunities, otherwise of course go ahead and hold PECCA until RM1.7 or RM2, this honest hardworking management will take you places :)
looking at the people celebrating on the streets after his win, it looks like more & more people will trend with mask mask over there. And if Biden makes it's mandatory, great news!
Lol, that would be nice :). i'm keeping away from crowds for the time being just to be safe. But if you do go, please keep it us posted, we'd be most grateful.
The Board of Directors ("BOD") of Pecca Group Berhad ("Pecca") wishes to inform that its wholly owned subsidiary, Pecca Leather Sdn Bhd (“PLSB”) was notified on Tuesday, 17th November 2020 of some of our workers having suspected close contact with COVID-19 positive cases. As precautionary and preventive measures, PLSB immediately took the following proactive actions: 1) Conducted COVID-19 tests on all hostel workers, operations employees, office staff, and security guards on 17th November 2020; 2) Carried out thorough disinfectant sanitisation on 17th November 2020 at all the premises inclusive of office, production, hostel & cafeteria; and 3) Closed production operations since 17th November 2020, and instructed all office employees to work from home.
PLSB received today the confirmation that 1 employee had tested positive for COVID19. Arrangements have been made for the said employee to receive medical treatment at a government hospital. Other staff who had close contact with the said employee are being self-quarantined at an assigned place.
yeah i read that. strange that 1 reported case will halt the trade when multiple cases in other companies don't. hmmmm... it seems to me some players have pushed the price down to get in. thankfully so did i again :) :)
Give it few more months. More listed companies will declare staffs getting Covid. How to avoid? Suspend stock 1hr every time staffs get Covid. Hehehehe
as @Kang Yao rightly put it, this allowed insiders to push the price down & make a good entry. Even now i think it's still a good entry price since we are expecting a more positive quarterly report from previous. Still a decent upside to TP 1.75
if their production line is running at 100%, its considered good qtr, else its not a good qtr. As I expect previous qtr backlog will fall into this qtr, but the malaysia revenue on leather seats only ~5% y-o-y qtr.
havent study its cash flow statement detail yet, anyone dig into it? just saw trade receivables have a sudden spike,
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Australianpharmacist
72 posts
Posted by Australianpharmacist > 2020-11-06 09:40 | Report Abuse
Earn, of course Im glad, I exited at 1.570, then entered OCK and sitting on almost 10% gain now... more to go for OCK I hope, with the budget supporting 5G
PECCA was fun and all, but I think its value is kinda fair now, sure it might go up a bit more, but I rather move to undervalued stocks